💎 Paradisers, the mid-term price action for #UNIUDT remains optimistic, as we continue to observe a pattern of higher highs and higher lows. What's more, #UNI has recently retested and rejected the vital demand zone near $5.7 for the third time in a row. It's evident that the bulls are holding their ground, and this could lead to a powerful surge shortly.
💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions.
💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks.
💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
💎 We must also consider the bounce off the 50% Fibonacci retracement level, intriguingly situated right in the supply/demand area. Furthermore, #UNI continues to trade above the 200 Simple Moving Average on the 4H timeframe, once again displaying its bullish intentions.
💎 In terms of immediate resistance, the peak of the ascending channel could be the first area for profit-taking. However, if the price breaks above the channel with robust buying pressure, we could witness a much more potent trend in the upcoming weeks.
💎 Of course, this bullish outlook would be negated if the bulls fail to defend the demand zone, but as of now, #UNI appears quite bullish. Stay tuned for more updates and happy trading, Ladies and Gentlemen of ParadiseClub!
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.